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Property summary
This Albuquerque property consists of a 16,576-square-foot commercial building located on Central Avenue, an east-west thoroughfare associated with Route 66, in an infill area. The site is positioned at an I-40 access distance of under one mile and is adjacent to multiple national retail and restaurant tenants, with several big-box retailers within about one block. The property has an established investment/tenant configuration associated with an Absolute Triple-Net (NNN) lease structure, historically tied to Walgreens Corporation, and it was described as suitable for build-to-suit development, multi-tenant subdivision, or parcel redevelopment depending on future planning. Nearby amenities and employment include the National Museum of Nuclear Science & History within walking distance, and the area is also close to Sandia Science & Technology Park and Kirtland Air Force Base, with access to Downtown Albuquerque and Albuquerque International Sunport.
Property profile
VerifiedCap rate & NOI
Current use
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Pharmacy
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Pharmacy
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(Bike/Boat/Book/etc) Store
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Storage Facility
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Postal Service Courier Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Albuquerque market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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